OneMain (OMF) Shares Gap Down to $26.36
OneMain Holdings, Inc. (NYSE:OMF) shares gapped down prior to trading on Thursday . The stock had previously closed at $27.38, but opened at $26.36. OneMain shares last traded at $25.25, with a volume of 5008706 shares changing hands.
Several research analysts have weighed in on the stock. Barclays reissued a “hold” rating and issued a $35.00 price target on shares of OneMain in a report on Wednesday. ValuEngine raised shares of OneMain from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stephens raised shares of OneMain from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $29.00 to $35.00 in a report on Wednesday, August 23rd. Compass Point cut shares of OneMain from a “buy” rating to a “neutral” rating and set a $31.00 price target on the stock. in a report on Friday, November 3rd. Finally, BMO Capital Markets increased their price target on shares of OneMain from $31.00 to $34.00 and gave the company an “outperform” rating in a report on Friday, November 3rd. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.57.
The company has a market cap of $3,420.00, a price-to-earnings ratio of 8.29, a P/E/G ratio of 1.54 and a beta of 2.72.
In other news, Director Wesley R. Edens sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $26.00, for a total transaction of $26,000,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Wesley R. Edens sold 10,000,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $26.00, for a total transaction of $260,000,000.00. The disclosure for this sale can be found here. 57.73% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of OMF. JPMorgan Chase & Co. boosted its position in shares of OneMain by 103.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,336 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 2,200 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of OneMain during the 3rd quarter worth approximately $119,000. Cubist Systematic Strategies LLC acquired a new stake in shares of OneMain during the 2nd quarter worth approximately $132,000. Pacer Advisors Inc. boosted its position in shares of OneMain by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 7,261 shares of the financial services provider’s stock worth $179,000 after acquiring an additional 779 shares in the last quarter. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of OneMain during the 3rd quarter worth approximately $206,000. Institutional investors and hedge funds own 95.85% of the company’s stock.
OneMain Holdings, Inc is a financial services holding company. The Company is a consumer finance company, which is engaged in providing personal loan products; credit and non-credit insurance, and service loans owned by it and service or subservice loans owned by third-parties. The Company’s segments include Consumer and Insurance; Acquisitions and Servicing; Real Estate, and Other.
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